A monopolist charges $7 per unit for selling 6 units of his product. To sell 7 units, he reduces price to $6.5 per unit. The marginal revenue (net addition to revenue) from selling the seventh unit is then $3.5

A person remodeling her house could obtain a loan from a

A) sales finance company. B) consumer finance company. C) business finance company. D) public finance company.

If the consumption function is C = 20 + 0.8YD, then an increase in disposable income by $100 will result in an increase in consumer expenditure by

A) $58. B) $64. C) $80. D) $100.